June 2018 Newsletter

June 2018 Newsletter

500VN’s Binh Tran on AVCJ’s VC panel (again :P). Photo source: AVCJ.

Last month, the IFC in association with the Emerging Markets Private Equity Association (EMPEA) hosted the 20th Annual Global Private Equity Conference.  In advance of the conference, the EMPEA released results of their annual LP Outlook survey.  Among the findings:

  • LP respondents anticipate increasing commitments to emerging market funds
  • Southeast Asia is the most attractive emerging market region over the next 12 months (with India #2 and China #3)
  • Venture Capital is the asset class with the highest % of LP respondents with plans to begin or expand investment over the next two years

Sounds like good timing for 500 Startups Vietnam, 500 TukTuks, and 500 Durians!

Indeed, it’s been busy over here at 500 Startups Vietnam. We closed deals #24 (health tech) and #25 (logistics).  One of our portfolio companies closed a $10M Series A (not announced).  And we had several event engagements with investors, entrepreneurs, and other stakeholders:

  • Binh spoke on the VC panel at the 2nd annual AVCJ Vietnam Forum, a day-long meeting for leaders of the alternative investment industry in Vietnam and broader Southeast Asia.
  • Eddie spoke at a session on “Leading into the Digital Future” at the 2018 Horasis Global Meeting in Portugal, and met with Vietnamese diaspora entrepreneurs in London and Paris.
  • Hau supported innovation initiatives in travel tech and fintech in Saigon and Hanoi respectively, sponsored by the Asian Development Bank.

In June we’re anticipating closing another 2+ new investments, and a handful of portfolio companies will begin accepting downstream capital in new rounds. Folks interested in Vietnam-connected opportunities should contact us ASAP!

Yours,

Team 500 Startups Vietnam

Vietnam in the News

 

  • Fitch upgrades Vietnam to ‘BB’; outlook stable. Vietnam won a sovereign rating upgrade from Fitch Ratings thanks to strong economic growth and declining public debt. FitchRatings. 05/14
  • Vietnam: DFJ VinaCapital-backed Yeah1 seeks to raise $100m from share sale. The raise will be followed by their listing debut on Ho Chi Minh City Stock Exchange, making them the first local entertainment company listed on the stock market. Deal Street Asia. 05/25
  • Vietnam ranks 1st in Asia, 6th of 53 in female business ownership. “According to a recent Mastercard study, 31.3% of businesses in Vietnam are owned by women…, ahead most of Europe, the US, China and all other Asian nations”. Saigoneer. 05/23
  • Vietnam, with its low property prices, has become a new treasure hunting ground for Hong Kong and China buyers. High-end property prices in Vietnam were estimated to be 50% and 90% cheaper than in Bangkok and Hong Kong, respectively. South China Morning Post. 05/23

 

Vietnam Tech in the News

 

  • Exclusive: Vietnamese e-commerce major Tiki to raise Series D, existing backer JD.com may join. “Tiki has hit the fundraising trail barely six months after securing a $44-million Series C investment co-led by China’s second-largest e-commerce firm JD.com.” Deal Street Asia. 06/07
  • Indonesian ride-hailing app revs up to join Vietnam’s transport market. “Go-Jek will officially launch in Vietnam this July, the same time with Singapore-based ride-hailing app MVL.” VnExpress. 05/18
  • How Vietnam’s Fintech market could reach nearly $8 billion by 2020. “High internet & smartphone penetration, increased popularity of e-wallets, rising income & consumption, and a growing e-commerce sector” will unlock the country’s fintech growth potential. Forbes. 05/18
  • New cybersecurity law may thwart foreign businesses, stall growth. GDP & FDI are estimated to fall 1.7% & 3.1% percent respectively if the new cybersecurity law takes effect. VnExpress. 05/29
  • IT outsourcing hotspot: Vietnam, a small but mighty powerhouse. Learn more about the history and growth drivers of global IT outsourcing in Vietnam. Forbes. 05/29
  • Vietnam launches in-depth probe into Grab-Uber deal in Southeast Asia. The investigation will take at least 180 days to understand whether Uber and Grab’s combined market share in Vietnam exceeds the allowed maximum of 50%. Reuters. 05/18

Upcoming Events

 

EdTech Vietnam 2018, 06/08, HCMC
Key stakeholders including startups, academic institutions, NGOs, tech companies, investors, and education practitioners will share their insights into the current state & growth opportunities of EdTech ecosystem in Vietnam. Event Page

 

Vietnam Mobile Day, 06/08 Saigon & 06/15 Hanoi 
The largest annual festival for Vietnam’s mobile industry. Event Page

 

SURF – Da Nang Startup Wave 2018, 06/29, Da Nang 
Organized by Da Nang Business Incubator (DNES) and endorsed by the Da Nang government, SURF is one of the key activities to develop the city towards a thriving innovation hub. Event Page

 

Google Demo Day Asia, deadline 07/01
Pitch to top venture capital firms, get mentored by Google executives, and gain access to Google for Entrepreneurs’ global partner network. Application Page

 

Vietnam M&A Forum 2018, 08/08, HCMC
“Examine the factors that energize the market toward a new era, while also recap the 10 years journey, pay tribute to notable deals of the decade and forecast the journey yet to come for Vietnam M&A.” Event Page

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May 2018 Newsletter

May 2018 Newsletter

Landmark 81, set to be the tallest building in Southeast Asia upon completion at the end of this year. Photo source: Saigoneer.

On the way from District 1 to District 2, Landmark 81 stands out.  A VinGroup project, it’s set to be the tallest building in Southeast Asia upon completion at the end of this year.  It already pierces the sky far above the rest of the city.  In some ways, the building is emblematic of what’s happening in Vietnam and broader Southeast Asia: breaking out towards its larger potential.  This view seems to be shared by many investors.  The Wall Street Journal recently featured a piece on how “private money is flooding in” to Vietnam.  Perhaps it’s about time?  Per survey results from the Emerging Markets Private Equity Association, Southeast Asia has been seen as the most attractive emerging market in the world over the past decade, yet total capital invested in the region has been limited. (see chart below)

In the meantime, we maintain a steady pace, with investments into companies #22 and #23 closed in April.  We were also pleased to see one of our portfolio companies, AppOnboard, close their $15M Series A, led by Korea Investment Partners and Mirae Asset Management.  This month is trading places: Binh spends most of May in Vietnam and Singapore (catch him at Tech in Asia in Singapore on May 15-16 or AVCJ Vietnam in Saigon on May 24), while Eddie is on the road for meetings in the U.S. and Europe (catch him in Lisbon, London, Paris, Boston, or Miami).

Yours,
Team 500 Startups Vietnam

 

Vietnam in the News

 

  • Vinhomes seeks up to $1.4B in Vietnam’s biggest equity issue. Dominating the high-end property segment in Saigon & Hanoi, the residential property arm of conglomerate Vingroup launched a ~$1.4B equity issue with a market value of $13-13.5B. DealStreetAsia. 04/30
  • Private money is flooding this frontier market.  Global private-equity firms and sovereign wealth funds are pouring record sums of money into Vietnam, fueled by a loosening of ownership restrictions in the communist nation’s largest companies and accelerating economic growth. Wall Street Journal. 04/23
  • 1.5 million Vietnamese join middle class each year. “Expected to account for 33 percent of Vietnam’s population by 2020, the middle class is a major contributor to the country’s development”. Vietnamnet. 04/17
  • Proposed new property tax raises eyebrows in Vietnam. The tax bill is expected to hit the majority of homeowners and might have negative impact on the market. VnExpress. 04/16

Vietnam Tech in the News

 

  • New zero-commission ride-hailing platform to launch in Vietnam in July. Learn how the Singaporean blockchain-based platform will reignite the ride-hailing war. Saigoneer. 05/07
  • Cybersecurity regulations should ensure business rights. “The draft law on cyber security is expected to be submitted to the National Assembly for discussion at the end of this month.” Vietnam News. 05/09
  • Exit scammers run off with $660 million in ICO earnings. The Vietnamese crypto company Modern Tech vanished after raising $660 million from approximately 32,000 investors. TechCrunch. 04/13
  • Vietnamese fintech space to continue to attract investor interest: EY report. The number of fintech companies in Vietnam receiving investments is projected to increase five times by year-end. DealStreetAsia. 04/13
  • Vietnam’s tech giant VNG apologizes after alleged data breach affecting 163 million accounts. The leaked login info of these gaming accounts was offered for sale on a database trading site. Tuoi Tre News. 04/28

 

Upcoming Events

 

WISE Women Innovation Challenge 2018, application deadline: 05/15
The challenge offers women-led startups the opportunity to accelerate their innovations, compete for prizes, gain valuable mentorship, and access capital and market opportunity in the Mekong region. Program Page

 

Blockchain Festival Vietnam, 05/24&25, HCMC
Join world-class experts and industry leaders to discuss the latest blockchain trends and developments. Event Page

 

Vietnam Mobile Day, 06/08 Saigon & 06/15 Hanoi 
The largest annual festival for Vietnam’s mobile industry. Event Page

 

SURF – Da Nang Startup Wave 2018, 06/29, Da Nang 
Organized by Da Nang Business Incubator (DNES) and endorsed by the Da Nang government, SURF is one of the key activities to develop the city towards a thriving innovation hub. Event Page

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April 2018 Newsletter

April 2018 Newsletter

Uber & Grab offices in Singapore. Photo source: Wong Maye-E / Associated Press.

Local market knowledge and focus matters.  We saw another example of that this month with the exit of Uber.  Uber entered Vietnam in 2014 and quickly gained traction.  At 500 Startups Vietnam’s investor trek earlier this year, an Uber launcher noted that HCMC had been among Uber’s fastest-growing cities in the world upon launch. Alas, that wasn’t enough to defeat Singapore-based Grab (a 500 Startups portfolio company).  Ultimately Uber announced that it would sell its regional operation to Grab in exchange for a 27.5% stake.

We’ll see this fight play out again soon though, as we’re told the former Vietnam country manager of Uber has been brought on by Vietnamese unicorn VNG to lead Zalo Pay, while former country manager of GrabTaxi Vietnam is now leading the GrabPay effort in Vietnam.

Anyways, the importance of market focus is why 500 Startups launched our Vietnam-focused fund in 2016 as opposed to simply investing here out of our existing funds.  Last month the fund closed our 19th, 20th, and 21st deals — and we expect a robust deal pace through Q2 as well.

Yours,
Team 500 Startups Vietnam

 

Vietnam in the News

 

  • Vietnam’s economy expands more than 7% in first quarter. The country’s GDP growth,  fueled by an export surge, has outperformed most of its Southeast Asian peers. Bloomberg. 03/29
  • PM approves $921M infrastructure investment for economic, industrial zones. “Prime Minister Nguyen Xuan Phuc has given the green light for infrastructure development worth up to VND 21 trillion for economic zones and industrial parks in the 2016-2020 period.” Vietnam Investment Review. 04/02
  • Vietnam’s rapid growth fuels Ho Chi Minh property boom. With changing foreign ownership rules and rising property prices in other markets, the demand from international buyers in Vietnam is estimated to have doubled since 2014. Financial Times. 03/30
  • Cornell to collaborate with Vingroup to establish VinUniversity in Hanoi, Vietnam. The international, private, non-profit university will be the result of a partnership between Vingroup and Cornell. Cornell Chronicle. 03/13

 

Vietnam Tech in the News

 

  • It’s official: Uber sells Southeast Asia operations to Grab. Uber has sold its Southeast Asia’s ride-hailing and food delivery services to Grab. Saigoneer. 03/26
  • Vietnam’s antitrust regulator tells Grab to prove Uber deal will not create monopoly. Does the acquisition satisfy local Competition Law and what are the potential consequences? DealStreetAsia. 04/10
  • Go-Jek said to be eyeing Vietnam as next SE Asian market for foray. With Uber out of the picture and Go-Jek rumored to launch soon, the ride-hailing battle in Vietnam is only getting more interesting. DealStreetAsia. 03/02
  • Facebook appoints Le Diep Kieu Trang as national director for Vietnam. The former CFO & COO of Misfit and Oxford & MIT grad will lead Facebook’s operations in the 60M+ user market. Saigoneer. 03/21
  • Vietnam may emerge as a blockchain innovation hub for Southeast Asia. Learn how blockchain solutions can help Vietnam’s underbanked population and address agricultural challenges. Forbes. 03/27
  • Mobile wallets and tech-savvy youth driving e-commerce growth in Vietnam. The country’s e-commerce sector is estimated to grow 30-50% per year. Forbes. 03/25
  • KPMG acquires Rainmaker Labs’ businesses in Singapore and Vietnam. The acquisition will help KPMG better serve businesses capitalising on mobile technologies in Southeast Asia. KPMG. 03/21
  • Vietnam Mobile App Advertising & Monetization Report (2017). In 2017, Vietnam mobile advertising spending hit $78.7M, a 4.5X increased from 2015. Adsota

 

500 Startups Vietnam in the News

 

  • Exclusive: 500 Startups closes 20th deal in Vietnam, seeks to up deal pace this year. Having closed deal #20, we are stepping on the gas to invest faster and provide better support to our founders and the ecosystem. DealStreetAsia. 03/28
  • Lumanu raises $1M for tools that amplify social influencers’ posts. The seed round will be used to expand the team to serve existing clients like Unilever and Harley-Davidson as well as win new customers in the fashion, beauty, hospitality, and consumer packaged goods industries. Xconomy. 04/04
  • Introducing Urbanist Hanoi, Saigoneer’s New Sister Site. The news & lifestyle site is expanding to Vietnam’s capital to “explore unique and overlooked elements of the ancient city’s past, present and future.” Saigoneer. 04/09
  • 500 Startups Backs $500k Seed Round for Stablecoin Project. Meet one of the newest members of the #500vietnam family — Stably. CoinDesk. 04/09

 

Upcoming Events

 

Impact Enterprise Summit  2018, 04/14, HCMC
Learn how to establish profitable & sustainable enterprises that have positive social impacts on many disciplines such as education, agriculture, technology, etc. Event Page

 

Forbes Vietnam Under 30 Summit, 04/24, HCMC
Meet some of the brightest young entrepreneurs, innovators and game changers in the country featured in Forbes’ latest 30 Under 30 list. Event Page

 

 

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March 2018 Newsletter

March 2018 Newsletter

Our first exit captured in a photo — WifiChua shaking hands with acquirer Appota. Photo source: ictnews.

As we head into Saigon’s hot-dry season, the tech scene here is heating up too:

  • Amazon and Spotify announced their Vietnam market entry
  • It was reported that Grab would acquire Uber’s Southeast Asia operations
  • Binh and Eddie’s first investment for 500 Startups Vietnam — ELSA — closed a $3.2M pre-A round led by Monk’s Hill Ventures.
  • 500 Startups Vietnam saw our first exit, an acquisition of portfolio company WifiChua by Vietnamese mobile platform Appota

(Learn more via news articles listed below)

This is on the heels of a report released by Hanoi-based accelerator Topica Founder Institute that showed an 80% increase in startup deal activity in 2017 vs. 2016.  The report also lists 500 Startups Vietnam as the most active VC investor in Vietnam (not including accelerators), with 11 deals in 2017.  Looks like we picked a good time to be here!

That’s all we’ll say for now — there’s too much to do ~

Regards,
Team 500 Startups Vietnam

Vietnam in the News

 

  • The World in 2050. Vietnam economy is projected to move up to #20 in the global rank by 2050. PwC. 02/2017
  • Asia-Pacific nations sign sweeping trade deal without US. “The CPTPP will reduce tariffs in countries that together amount to more than 13 percent of the global economy.” VnExpress. 03/09
  • Vietnam snatches back Asia’s equity crown as foreigners buy.Vietnamese stock market has attracted investor appetite with the country’s positive economic outlook despite recent turbulence in global financial markets. Bloomberg. 02/28
  • Monthly salaries in Vietnam rise fastest in Southeast Asia: survey.The annual growth rate of Vietnam’s payroll is estimated at 20-24% as recruitment demand remains high. VnExpress. 12/14
  • Understanding Vietnam’s generation Z. “They are entering the workforce for the first time and exist in a world where the line between the physical and the digital is blurry at best.” Forbes. 02/03

Vietnam Tech in the News

 

  • Vietnam startup investment rises 42%. In 2017, $291M was invested into 92 startups in the country, with e-commerce leading the scene, accounting for more than 20% of deals done. VietnamNews. 03/03
  • It’s official: Amazon will be in Vietnam this year. Amazon will share the details of its plan for expansion in Vietnam and insights of Vietnam’s online commerce landscape at a major tech conference this month. Saigoneer. 03/07
  • Spotify is launching in Vietnam in 3 days. The world’s biggest music streaming service announced the big news on their official Facebook page with the hashtag #spotifyvietnam. Saigoneer. 03/10
  • Grab Close to Deal for Uber’s Southeast Asia Business. Is the war between the two major ride-hailing service in the region finally coming to an end? Bloomberg. 03/08
  • Blockchain technology to see bright future in Vietnam. “The very first Vietnam Blockchain Week has attracted 2,000 attendees and experts who were excited to discuss the future of this breakthrough technology in Vietnam.” Vietnam Investment Review. 03/09
  • More Vietnamese shift to online shopping ahead of Tet. With the local e-commerce market growing at 25% last year, holiday shopping is taken to a new level. VnExpress. 02/14

500 Startups Vietnam in the News

 

  • 500 Startups’ Investor Trek highlights Vietnam’s robust tech scene.The four-day trek took place in Hanoi and Saigon, where international investors learned about the country’s background, investment opportunities, and challenges and met many of Vietnam’s most promising startup founders and ecosystem leaders. Saigoneer. 01/31
  • ELSA raises $3.2M for its A.I.-powered English pronunciation assistant. “Since its launch two years ago, ELSA has been adopted by a few million users in over 100 countries, with around half its user base in Southeast Asia, and the rest spread out elsewhere in the world, including in Latin America and Eastern Europe.” TechCrunch. 03/06
  • Vietnam’s Appota acquires tool for sharing free passwords WifiChua. WiFi Chùa, the biggest wifi sharing and look-up mobile app in Vietnam, has always stood in the top 100s of all mobile app ranking, having 18 million users with 2.4 million access points throughout Vietnam and globally. DealStreetAsia. 03/08
  • Hiip is featured on Vietnam National Television (VTV) as a rising startup in the country. Learn how Hiip became the leading automated social influencer marketing platform in Vietnam, working with major international and local brands such as Unilever, Heineken, Shiseido, Oreo, and The Coffee House. VTV. 03/09

 

Upcoming Events

 

Vietnam Online Business Forum 2018, 03/14 (Hanoi) & 03/16 (HCMC)
VOBF 2018, organized by the Vietnam E-Commerce Association, will gather major e-commerce players and enablers in and outside of Vietnam to discuss the latest industry trends. Event Page

 

Droidcon Vietnam 2018, 04/07, HCMC
“Droidcon is a global developer conference series and a network focusing on the best of Android, and in 2017 it will be coming to Vietnam.” Event Page

 

Forbes Vietnam Under 30 Summit, 04/24, HCMC
Meet some of the brightest young entrepreneurs, innovators and game changers in the country featured in Forbes’ latest 30 Under 30 list. Event Page

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© 2010-2018 500 Startups

January – February 2018 Newsletter

January – February 2018 Newsletter

Vietnamese soccer fans gathering on Nguyen Hue walking street in Saigon to show support to the national U23 team during Asian Cup final. Photos by Zing News.

January was a momentous month for Vietnam and for 500 Startups Vietnam.

The country was swept up in soccer madness as Vietnam’s national under-23 team made it to the Asian Football Championship final for the first time ever. The whole nation dropped everything to cheer on the team as they played against Uzbekistan, deemed the favorite after dominating performances earlier in the tournament.  Despite the tough odds and heavy snowfall, the Vietnamese team (whose players probably had never experienced snow before) didn’t disappoint, keeping the match even until the final moments of extra time. Though they ultimately lost the game 2-1, they won the hearts of the people. Vietnamese city streets were packed with flag-waving & noise-making fans thanking the team for their admirable effort.  One player in particular caught our attention: goalie Bui Tien Dung is an ethnic minority from the less-developed province of Thanh Hoa.  He was for a time unable to pursue his passion, as he felt compelled to do manual labor to support his family.  Eventually he got his chance and kept his team in the championship hunt.  His story is emblematic of many talented Vietnamese youth who shine when given the chance.  We’re looking forward to a bright future.  “Việt Nam Vô Địch!” (“Vietnam unrivaled!”)

Our team had several milestones of our own.  One of our earliest investments, Leflair, announced their $3M Series A fundraise.  Hau Ly was promoted to Manager, less than 1.5 years since joining the team in an entry-level role.  Eddie celebrated his marriage to his girlfriend Lan.  And we hosted our first 500 Startups Vietnam Family Day, a pre-Tet gathering of our founders and investors to reflect on where we’ve all gone and where we’re headed.

In a couple of weeks will be the start of the Year of the Dog.  The Dog is said to be honest, friendly, loyal, smart, straightforward, venerable, and responsible.  As we always strive to be with our founders and the broader ecosystem.

 

Vietnam in the News

 

  • The 10 key events that define Vietnam in 2017. From the APEC summit and corruption crackdown to the clash between local taxi giants and ride-hailing apps Grab and Uber. VnExpress. 12/28
  • Vietnam’s economy grows at fastest rate in a decade. “Full-year GDP growth was slightly above the government target of 6.7 per cent and outstripped the 6.21 per cent posted for 2016.” Channel News Asia. 12/27
  • Vietnam Surges, China Disappoints in Stellar Year for Asian Stocks. Vietnam’s stock market has doubled in size in 2017 thanks to privatization of state-owned enterprises and VN Index’s impressive gain. Bloomberg. 12/28
  • Vietnam’s Economic Growth Will Accelerate In 2018 As Investors Flood The Country. The Asian Development predicts that in 2018, Vietnam will see even stronger growth than 2017 and outperform developing Asia overall. Forbes. 12/27
  • The best-performing Asian indexes in 2017 look set for more gains in the new year. Vietnam “serves as the beacon of for all the frontier markets” as stock index increased 46.9% year-to-date. CNBC. 12/29

Vietnam Tech in the News

 

  • Valuation mismatch, lack of scale & exit options remain key challenges in Vietnam startup space. “Vietnam offers many opportunities to investors, thanks to its tech-savvy population but it may not always be easy to navigate this small country.” DealStreetAsia. 01/09
  • Booming Airbnb service puts pressure on hotels in Vietnam. “There are now over 6,500 active Airbnb listings in Vietnam, with Saigon alone offering 4,000 places to rent.” VnExpress. 12/19
  • Saigon cafés, restaurants facing the heat for accepting Bitcoin payments. In the time when cryptocurrencies are still not recognized by the State Bank of Vietnam as a legal means of payment, businesses face fines up to $8,800 for accepting Bitcoin. VnExpress. 12/20
  • Burning question: Uber and Grab’s legal status. Is it time for Uber and Grab to be regulated as taxi transportation companies in Vietnam? VietnamNet. 12/30
  • The Story of Giang Nguyen, Grab’s First Blind Coder. Overcoming his disability, Giang was one of the eight selected among 400 applicants to join Grab this year. Saigoneer. 12/08
  • Vietnam Sets up Command Center for Cyberspace Defense. Earlier in December 2016, the government also unveiled a “10,000-strong cyber unit to combat wrong views.” Reuters. 01/08
  • How Vietnam’s answer to Whatsapp, Zalo, began with a hack. The local messaging app with more than 70 million users is developed by VNG, one of Southeast Asia’s unicorns. South China Morning Post. 12/13

 

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814 Mission St., 6th Floor
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© 2010-2018 500 Startups

December 2017 Newsletter

December 2017 Newsletter

A Buddha statue covered in snow at the Fansipan summit in Lao Cai province on December 19, 2017. Photo by Tuoi Tre.

The holiday season is upon us! And it’s not too late to buy gifts for your loved ones — or yourself — for Christmas or Tet!  Here are some ideas:

For the classy women in your life: perhaps this glam lipstick from Guerlain? Go to Leflair to get one for 799,000 VND (~US$35 vs. US$49 on Amazon)

For a gluttonous life: perhaps beer from Vietnam’s leading craft brewery, Pasteur Street Brewing Co.? (Their Jasmine IPA is our favorite). Or the unique local chocolates by Marou?

For a healthy life: 8020fit offers short-term healthy meal subscriptions.  Get (1, 2, 3, or 6) meals per day, (1 or 5) days per week, Vietnamese or Western, starting from 66,000 VND per person, in HCMC.  Or subscribe to WeFit for discounted access to fitness classes and premium gyms in Hanoi or HCMC.

For the ambitious student in your life: English pronunciation training app ELSA is offering 20% off one-year memberships for 550,000 VND (~US$24). Install the app on an iOS or Android phone, give it a try, and if you like it then go ahead and buy!

For the new home of your life: go to Mitssy to buy one of their affordable modern pieces, or talk to their in-house design experts to figure out a beautiful furniture set just for you.

Happy holidays!
Team 500 Startups Vietnam

Disclaimer: Leflair, Chopp, ELSA, and Mitssy are portfolio companies of 500 Startups.

 

500 Startups Vietnam In The News

 

  • Eddie Thai was interviewed by VTV4, commenting on opportunities and challenges of Vietnamese startups in Industrial Revolution 4.0. Link (starting at 7:48). 11/19
  • ApplyBoard is awarded Tower 2017’s “China Outstanding International Education Award” in Shanghai. Here is how they are assisting hundreds of students everyday on their study-abroad journey. Link
  • With their App Content Optimization platform, AppOnboard makes Inc. Magazine’s list of 10 companies Building the Future of App Development. Link. 09/1
  • Aspiring to give smartphones to 2 billion people with no access to credit, PayJoy is one of the hottest San Francisco startups to watch in 2018. Link. 11/10

 

Vietnam Tech in the News

 

  • Meet the 4 Southeast Asian startups participating in latest Google Launchpad cohort. Monkey Junior, a Vietnam-based learning app, will be among the 4 SEA startups participating in the 6-months prestigious Launchpad accelerator programme. e27. 11/30
  • Facebook users on the rise in rural Vietnam. According to data recently released by research company Nielsen, more than a million new Facebook accounts were opened in rural parts of Vietnam in the past year, almost catching with urban users. VNExpress. 11/29
  • Uber signs first Southeast Asian e-wallet deal with Vietnam’s MoMo.Uber has agreed to sign a strategic deal with Vietnamese financial technology firm MoMo to let passengers pay for rides using MoMo’s e-wallet. Reuters. 11/29
  • Central Bank launches first-ever fintech challenge. The State Bank of Vietnam (SBV) hopes the challenge will spur innovation in financial services for greater financial inclusion in the country. Vietnam News. 11/28
  • Online shopping platforms stir up Black Friday fever. Vietnam doesn’t celebrate Thanksgiving, but it doesn’t mean e-commerce players in the country stand outside of the Black Friday game. Vietnam News. 11/25
  • Hendale Capital invests in Vntrip. Details are undisclosed. However, Vntrip had earlier announced that it had raised $10 million in funding. DealStreetAsia. 11/24
  • JD.com invests US$44 million in Tiki.vn. Online retailer Tiki.vn has closed their latest funding round with Chinese ecommerce company JD.com. Inside Retail. 11/20

 

Vietnam in the News

 

  • Vietnam’s Jan-Nov FDI rises 11.9 pct on-year. Vietnam received an estimated $16 billion in foreign direct investment (FDI) in the first 11 months of this year (11.9% year over year). VnExpress. 11/28
  • Vietnam Sheds Its Minnow Status. This year, Vietnam will overtake the Philippines in terms of average daily equity trading volume. Bloomberg. 11/28
  • Vietnam’s real estate tycoon catapulted into world’s 500 richest list.Pham Nhat Vuong, founder & chairman of Vingroup, is the first Vietnamese person “to crack the list of the world’s 500 wealthiest people.” VoV. 11/26
  • Saigon scores high on global property growth index. According to a survey conducted by real estate firm Savills, Ho Chi Minh City has been ranked third in a survey of 50 cities worldwide for property rental growth. VnExpress. 12/07
  • Vietnam wins first gold medal at international science contest for junior students. In the 2017 International Mathematics and Science Olympiad, Vietnam brings home 1 gold and 5 silver. VnExpress. 11/24

 

Upcoming Events

 

Vietnam Investor Expeditionary Trek 2018
January 24-27, 2018  |  Hanoi & Saigon

Learn more about the country’s background, investment opportunities, and challenges through immersion and expert talks.  Along the way, meet many of Vietnam’s most promising startup founders and ecosystem leaders — including partying with the 500 Startups Vietnam family!
Event Overview

 

San Francisco
814 Mission St., 6th Floor
San Francisco, CA 94103, USA

© 2010-2018 500 Startups